1011 1st buys 1011 1st St S in Hopkins for $2.5 million

An office building at 1011 1st St S in Hopkins sold for $2,500,000 on September 30, 2026. The Certificate of Real Estate Value filed with the Minnesota Department of Revenue reports the sale. The price was 34% below the $3,800,000 market value on record, according to the Assessor's records.

The record lists Haberman 1011 First Street South, LLC, Hosterman 1011 First Street South, LLC, Gere 1011 First Street South, LLC, Johnson 1011 First Street South, LLC and Stern 1011 First Street South, LLC as the seller. It lists 1011 1st LLC as the buyer. The deed covers 2 parcels. 1011 1st St S is the largest one we could identify.

The Assessor's records show a build year of 1974 and a 0.89-acre lot. The last sale before this one on record was $3,416,559 in 1999.

This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.

What were the closing costs in Hennepin County?

By our estimate, the seller's two largest charges, not counting prorations, were $8,500 for the state deed tax + Environmental Response Fund (Hennepin/Ramsey) and $5,350 for the owner's title insurance policy. Who pays what follows Hennepin County custom.

How much did the seller net?

By our estimate, the seller netted about $2,478,773. That is before any broker commissions and any loan payoff.

How much cash did the buyer bring to closing?

A cash buyer would need about $2,493,514 at closing. That covers the full price and closing costs.

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